It is prudent to examine the strength of the US dollar against the pound in the lead up to two very important inflation data reports. First is the US inflation data due on Wednesday morning at 2.30 am (NZDT). And second is the UK’s inflation data on Wednesday night at 8.00 pm (NZDT). The annual US inflation rate to January 2023 is expected to fall to about 6.2%...
Currently, we have the completion of an ABCD pattern and we had the failure of the resistance zone in the range of 1.20509, and in dealing with the resistance zone based on the most important pivot point range in the range of 1.20673, we see a negative reaction in the role of resistance. The three ranges of 1.20509 and the range of pattern completion at 1.20351...
Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White...
Nice combo of bullish short-term indications. Support trend-line since October 2022 to today just confirmed again with aggressive bounce (3rd test of trend-line). 3 lows with middle lower low show potential for inverse head & shoulder pattern (bullish) with 1.2170 middle neck-line resistance , with daily candle close above 1.2390 may be reached very quickly. A...
An Overview of Market Sentiment and Trading Activity": This post provides an overview of the current market sentiment towards GBP/USD, as well as an analysis of trading activity in this market. This information can be used to gain a deeper understanding of how market participants are viewing this currency pair, and to make more informed trading decisions.
In the past week, GBPUSD has been shorting massively, as of yesterday there was a clear change of character giving us a clear indication of reversal to the upside. This morning London session move has broken structure again to the upside indicating more that the bullish move will continue. I'm anticipating price to retrace and clear out the inducement created...
GBPUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
Let's keep it simple and understandable. 2007-2020 lower high descending trend-line which was broken to up-trend Mid 2020. Currently between 1.198-1.2250 is the retest range of this breakout and up-trend support. The bounce from the retest may take GBPUSD to 1.2680 quickly on it's route back to the weekly trend breakout. At the same time, we have a high...
On the H4 time frame, prices are approaching the resistance zone at 1.2170, in line with the Fibonacci confluence levels where we could see a reversal below this level. The 1.2170 resistance zone coincides with the graphical resistance zone, 38.2% Fibonacci retracement and 100% Fibonacci extension level. Prices are facing bearish pressure from the Ichimoku cloud as well.
Hello traders! ‼️ This is my perspective on GBPUSD . Here we are in a bearish market structure from H4 timeframe perspective, so I am looking only for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.22000. Like, comment and subscribe to be in touch with my content!
Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD the GBPUSD here is trying to go down and test its very strong demand zone near a very strong key market level around 1.18000-1.18200 this is a very strong structure support zone where the market rallied 600 pips before or 5%, I expect the market to show a bullish reaction if it comes...
The dollar tested a new nine-month low as economic data from the U.K. strengthened the case for more interest rate hikes. Despite a rosy year for the Pound sterling, Last week's trading session was so choppy that price action remains sandwiched between the 1.24500 and 1.22500 zone to indicate an indecisive grip in this market as sellers continue to reject the...
GBP/USD LONG IDEA Higher TF Trend: Bullish Liquidity towards the top side Long Term Play Will look for confirmation on a lower timeframe.
Price is currently on a bullish expansion, and has formed a trend. I would be anticipating a possible pullback to 1.223 before another bullish run to 1.249. The key for entry for the sell would be a 15mins BOS lower. *As always, trade cautiously.
Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Do proper risk management and enter trade after confirmation . remember market shift must
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
GBPUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...